$GMT Price Prediction and Trade Setup: A Potential Bounce Ahead
Current Price: $0.1648
24-Hour Range: $0.1642 - $0.1843
Key Levels to Watch
Support Level: $0.1640 (crucial for a bounce or breakdown)
Resistance Level: $0.1700 (key for upside momentum)
Trade Setup
1. Long Entry: If the price rises above $0.1700
Target 1: $0.2250
Target 2: $0.2800
Stop Loss: Below $0.1650
2. Short Entry: If the price drops below $0.1640
Target 1: $0.1600
Target 2: $0.1550
Stop Loss: Above $0.1675
Market Insight
GMT has been facing consistent downward pressure, as reflected in the current price trend. However, the volume remains high, indicating potential volatility. A breakout above $0.1700 or a drop below $0.1640 could signal the next significant move in the market.